REI Lense

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$2,732 (target)

155 Pratt Dr, Covington, GA 30014

3 beds • 2 baths • 1720 sqft

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This property looks like a bad Mid-Term investment with a projected -4.44% first-year return on $93,243 initial cash invested.

-4.44%

Cash On Cash

5.25%

Cap Rate

0.87

DSCR

$2,732

Rent

-$345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,732 income − $3,077 expenses = $345 out of pocket

Income$2,732Out of Pocket$345Mortgage P&I$1,80366%Property Taxes$1766%Insurance$1275%HOA$422%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30111%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,243

Downpayment

20%

$71,660

Closing costs

1%

$3,583

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,732

Total Expenses

$3,077

Mortgage P&I

66%

$1,803

Property Taxes

6%

$176

Home Insurance

5%

$127

HOA

2%

$42

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$301

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